JOHNSON ERIC G 4

4 · LINCOLN NATIONAL CORP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Lincoln National (LNC) Director Eric G. Johnson Receives Award

What Happened

Eric G. Johnson, a director of Lincoln National Corporation (LNC), was granted 1,267.61 phantom stock units on March 31, 2026. The units are reported at an implied price of $35.50 each, for a total grant value of $45,000. This transaction is an award (derivative) — part of deferred board compensation rather than an open-market purchase or sale.

Key Details

Transaction date: 2026-03-31; filing date: 2026-04-02.
Grant: 1,267.61 phantom stock units at $35.50 per unit; total reported value $45,000. Transaction code: A (award/acquisition).
Derivative form: Phantom Stock Units — each unit is equivalent to one share of LNC common stock (Footnote F1).
Source: Quarterly board retainer and fees paid in phantom stock under the Directors' Deferred Compensation Plan (Directors' DCP) (Footnote F2).
Includes 999.08 units acquired via dividend reinvestment since the last report (Footnote F3).
Shares owned after the transaction are not specified in the provided data; filing does not indicate a late report.

Context

Phantom stock units are a deferred compensation vehicle that mirror the economic value of shares but are payable solely in LNC common stock at resignation or retirement (so these are not immediate taxable/open-market stock purchases or sales).
This is routine director compensation and should be interpreted as compensation reporting rather than a direct bullish or bearish trading signal.

Form 4

Period: 2026-03-31

Director

Transactions

Award
Phantom Stock Unit
[F1][F2][F3]
2026-03-31$35.50/sh+1,267.61$45,000→ 96,403.27 total
→ Common Stock (1,267.61 underlying)

Footnotes (3)

[F1]Each Phantom Stock Unit is the equivalent of one share of LNC Common Stock.
[F2]Quarterly payment of board retainer and fees in shares of phantom stock accrued under the LNC Deferred Compensation Plan for Non-employee Directors (the "Directors' DCP") in the LNC Stock Fund investment account, which are payable solely in shares of LNC Common Stock at resignation or retirement. The reporting person may transfer his/her phantom stock unit holdings into an alternative investment account in the Directors' DCP at any time.
[F3]Includes 999.08 shares acquired through dividend reinvestment since the reporting person's last report.

Signature

/s/ Claire H. Hanna, Attorney-in-Fact|2026-04-02

1 file